Trading a SPD straddle lets you take a pure volatility position on Simplify US Equity PLUS Downside Convexity ETF without committing to a direction. Simplify US Equity PLUS Downside Convexity ETF's straddle involves buying (or selling) a call and a put at the same strike and expiration, profiting when the stock moves more (or less) than the combined premium implies. Use our scanner to evaluate SPD straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on SPD profits from large moves in either direction and is a classic play into binary events like earnings, product announcements, or macro releases. A short straddle profits when Simplify US Equity PLUS Downside Convexity ETF stays range-bound and implied volatility contracts. The breakeven points are simple: strike plus total premium on the upside, strike minus total premium on the downside. Comparing the SPD straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The Simplify US Equity PLUS Downside Convexity ETF (SPD) seeks to provide capital appreciation by offering US large cap exposure while aiming to boost performance during extreme market moves down via an options overlay. The fund's core holding gives investors a low-cost, index-based exposure to US large caps. A modest option overlay budget is then deployed into a series of options positions that help create downside convexity in the fund.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the SPD straddle is the cleanest expression of that view. Our scanner prices every SPD straddle against historical realized moves, flags expirations where the market is overpaying or underpaying for vol, and ranks setups by breakeven width and IV rank. Whether you're long a SPD straddle into a catalyst or short a SPD straddle to harvest decay, the options straddle setups that matter are all in one place.
